With Shares Trading down at $8.70 (FSIC) FSIC Reports Second Quarter 2017…

Commonwealth Equity Services Inc increased its stake in Fs Invt Corp (FSIC) by 5.13% based on its latest 2016Q4 regulatory filing with the SEC. The Company's investment objectives are to generate current income and long-term capital appreciation.

A number of analysts have commented on FSIC shares. Cantor Fitzgerald upgraded FS Investment Corporation (NYSE:FSIC) on Monday, January 11 to "Buy" rating. Keefe, Bruyette & Woods reiterated a "hold" rating and set a $10.00 target price on shares of FS Investment Corporation in a report on Friday, April 28th. Finally, National Securities reissued a "neutral" rating and issued a $10.00 price target on shares of FS Investment Corporation in a report on Monday, May 15th.

FS Investment Corporation on 6/29/2017 reported its EPS as $0.47 with the analysts projecting the EPS of the stock as $0.22. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. FS Investment Corporation has a consensus rating of "Hold" and a consensus target price of $9.79.

The biggest institutional shareholders in FS Investment Corporation include Commonwealth Equity Services Inc which owns 12 million shares in the company valued at $119.03 million. FS Investment had 12 analyst reports since August 12, 2015 according to SRatingsIntel.

FS Investment Corporation (NYSE:FSIC) opened at 8.95 on Wednesday. As per WSJ analytic report, FSIC for the Q3 this year, the current consensus earnings per share trend estimates was $0.20, while for one month ago estimates was $0.20. If you are viewing this news story on another domain, it was illegally copied and reposted in violation of US and global copyright law.

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FS Investment Corporation (NYSE:FSIC) last posted its quarterly earnings data on Wednesday, August 9th. Investors of record on Wednesday, September 20th will be paid a dividend of 0.2228 per share by the financial services provider on Tuesday, October 3rd. The Barclays Plc holds 14,200 shares with $578,000 value, down from 22,400 last quarter. FS Investment Corporation's dividend payout ratio (DPR) is presently 87.26%.

In other FS Investment Corporation news, CEO Michael C. Forman acquired 17,100 shares of the company's stock in a transaction that occurred on Thursday, August 10th. The shares were purchased at an average cost of $8.88 per share, with a total value of $198,201.60. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David J. Adelman bought 11,160 stocks of the company's shares in a trade that took place on Thurs, Jun 22nd. The shares were bought at an average price of $8.41 per share, for a total transaction of $143,811.00. Following the acquisition, the director now directly owns 34,063 shares in the company, valued at $302,479.44. The disclosure for this purchase can be found here.

Beta is also an important valuation ratio for analyzing the stock of the company, FSIC has Beta of 0.97 while its industry and Sector's beta remains at 0.47 and 1.47 respectively. Institutional investors and hedge funds own 31.84% of the company's stock. First Heartland Consultants Inc. now owns 30,332 shares of the financial services provider's stock valued at $297,000 after buying an additional 425 shares during the last quarter. The Company also announced that, subject to market conditions, the Company's board of directors now intends to reduce the regular cash distribution for the fourth quarter and subsequent quarters to $0.19 per share and to make a special distribution in the fourth quarter of 2018 that equates to the cumulative amount, if any, of net investment income earned during the twelve months following October 1, 2017 that is in excess of $0.76 per share. Ameriprise Financial Inc. now owns 1,997,750 shares of the financial services provider's stock worth $19,496,000 after buying an additional 279,230 shares during the period. Finally, M Holdings Securities Inc. increased its position in FS Investment Corporation by 2.6% in the first quarter. HighTower Advisors LLC increased its position in FS Investment Corporation by 1.0% in the first quarter. HighTower Advisors LLC now owns 58,338 shares of the financial services provider's stock valued at $573,000 after buying an additional 579 shares during the last quarter. Mackenzie Financial Corp now owns 94,188 shares of the financial services provider's stock valued at $923,000 after buying an additional 36,057 shares during the period.

The company posted earnings of $98.70 M for the period end, compared to analysts' anticipations of $103.14 M. experts expect that FS Investment Corporation to post $0.78 earnings per share for the financial year.

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